Banking Options

How to Change Your Bank Account

Open the new account with appropriate minimums.

You’ll need to have your new account number and your new bank’s routing (ABA) number before you can change the account information stored with creditors. Both your old bank account and your new bank account will be active for a short period of time. This is to ensure all your payments go through during the transition period and that all your deposits are received. At The types of accounts you will need at your new bank will have to be determined by you. You’ll also need the minimum required to open the accounts ready to deposit. If in your old bank you had debit cards, ATM cards, check cards, deposit slips, or paper checks with your old account, don’t forget to order the same when you open your new account.

Your direct deposit information must be changed by you.

It could take as many as two pay periods for your new direct deposit instructions to take effect. After requesting the change to your direct deposit, it could take two to four weeks before you receive a paycheck at your new bank. For the submission of changes to direct deposit, most employers have their own forms. Since many employers have the ability to accept direct deposit instructions online, you should check with your employer as soon as possible. And because the slowest aspect of moving from one bank to another is this, as soon as you’ve opened your new accounts it is best that you go ahead and start this.

Your automated bill payments must be adjusted by you.

You likely have configured the many financial obligations you have monthly for the withdrawal of money from your bank accounts. One vendor at a time, you will need to change this banking information without missing any possible automated withdrawals. You should review your past three or four banking statements to help you remember all the bills that are paid automatically. If to avoid fees you’ve opened your new bank account with just the minimum required, please keep in mind that to cover your bills you may very well need to transfer more money from your old account.

Update any investments or linked bank accounts.

Link your new bank account to the old one to ensure you can transfer money to your new account at will. Because you will have enough funds in the account, all the bills you’ve transitioned in the previous step will certainly be covered by this. You must be sure to always be aware that every month you are only allowed a maximum limit of six on-demand withdrawals from savings accounts. If you exceed that number, the bank may close your account before you’re ready or charge you fees.

Close your old bank account after waiting a bit.

First, you must ascertain that your old bank account has been inactive. That’s because you don’t want any new deposits or withdrawals showing up after you close your old account. Then, for closing your old account, all you need to do is follow your bank’s process for it.

Old forms must be destroyed by you.

You can confidently shred any debit cards and deposit slips associated with your old account as soon as your old bank gives you confirmation that they closed that old account of yours. Anything such as any old paper checks or old endorsement stamps that you may have that includes your bank number you should rid yourself of. Over the next few months, to be certain that you haven’t overlooked anything, you must closely monitor your new account and new bills. Then, you’re finally set! Enjoy!

Charles Schwab

The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (Member SIPC), offers investment services and products, including Schwab brokerage accounts. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products.

Charles Schwab provides banking for investors with no monthly fees, no minimums, and a competitive APY on your checking account balance. You have the convenience of one login for multiple accounts. There are unlimited ATM fee rebates worldwide with no foreign transaction fees, and the Schwab Security Guarantee. You have the security and peace of mind of card lock/unlock, bank and transaction alerts, and travel notices that help you stay on top of your account. With their robust mobile app, you can make deposits, move money, and all your Schwab banking needs from your phone. Mobile payments are made easy with the use of your mobile wallet or contactless debit card for a secure, convenient and easy way to pay.

Transactions are fast and easy. Their digital products are simple. Above all, any time you have a question or issue, you immediately talk to a human because there are no filter-bots. What could be better than that? Every human you speak to at the bank is a kind, smart and helpful human. They are a great, complete financial and banking institution for all your financial needs. Try Charles Schwab TODAY!

Checking & Savings

The bank accounts you use most often are checking and savings accounts. They  have different features but both hold money for safekeeping. It’s important to understand the differences between these accounts so you can know when to use each one.

 You can use your money in a variety of ways with a checking account, for it is designed for frequent transactions. It is best for money you plan to spend soon and is used for payments. You can eliminate the need to pay your chronic bills manually by arranging to have funds deducted automatically from your checking account each month to pay for them. 

For example, from your checking account you can set up automatic insurance premiums, mobile phone bills, and mortgage payments. You can spend money easily from your checking account balance with a debit card. You can enter your card information for online payments or swipe the card for in-person purchases. 

For cash withdrawals at ATMs, and even deposits there in some cases, you can also use your debit card. You are not paid interest on your account balance in traditional checking accounts, but there are some that do pay you something.

Savings accounts pay you a modest amount of interest on your account balance while keeping your money safe. They are good for money you don’t need right away and are used to save for the future. Savings accounts can help when you’re saving for financial goals or a rainy day.

 You’re less likely to overspend when you remove funds from your checking account. Using multiple savings accounts for various goals can even make sense. You can access funds in several ways when you need to spend your savings. However, how often you can make certain withdrawals from savings is limited by federal law.

 Certain types of transactions are unlimited, but every month you can only make up to six withdrawals. When you plan on spending, you can move money to your checking account from your savings account. If both accounts are at the same bank, that’s almost an automatic, and to move money from one bank to another typically takes a few days. Before you open an account it’s critical to review fee schedules, but checking accounts tend to be more expensive than savings accounts.


Robinhood offers commission-free stock, ETF and options trades, a streamlined trading platform and free cryptocurrency trading, and now offers fractional trades and recurring investments for long-term strategies.

Robinhood provides free stock, options, ETF and cryptocurrency trades, and has no account minimum. Mutual funds and bonds aren’t offered, and only taxable investment accounts are available. Still, if you’re looking to limit costs or trade crypto, Robinhood is a solid choice with a streamlined interface.

You find investing for everyone at Robinhood.

Robinhood has commission-free investing, plus the tools you need to put your money in motion. With certain applicable limitations, you can sign up and get your first stock for free.

You invest any amount and choose how much you want to invest, and they’ll convert from dollars to parts of a whole share. Robinhood has fractional shares where you can invest in thousands of stocks with as little as $1. You can customize your portfolio with pieces of different companies and funds, so you can build a balanced portfolio to help reduce risk. Trades placed during market hours are executed at that time, so you’ll always know the share price in real time and can also trade in real time.

You can learn about stocks as you grow, because their goal is to make investing in financial markets more affordable, more intuitive, and more fun, no matter how much experience you have (or don’t have).

You can manage your portfolio and keep it in your pocket. Everything you need to manage your assets is available in a single app right on your mobile phone.
You can set up customized news and notifications to stay on top of your assets to keep tabs on your money as casually or as relentlessly as you like. Controlling the flow of info is totally up to you.

Escrow Account

A bank account under the control of a third party is what an escrow account is. Sellers and buyers to a real estate transactions are the ones who most often use them. The buyer’s deposit is often taken by the seller and, with an escrow agent or a title company, opens an escrow account. The closing is overseen by the escrow officer who makes sure that everyone is properly paid. Examples of an escrow account’s use is when someone wants to pay for non-monthly bills in a dedicated account, or when someone’s landlord has refused to make repairs in their apartment, they sometimes go ahead and create an escrow account to withhold the rent money there until repairs are finally made to the apartment.

Global Clients Solutions, LLC

Payment Processing Services

The account set-up and administration of special purpose saving accounts like those used for accumulating funds for the settlement of certain debts is what is provided by Global Client Solutions. The meeting of the terms of any agreement entered regarding debt settlement is the responsibility of the debt settlement company, not Global Client Solutions’.

Debt settlement companies with debtor-clients who are enrolled in their debt settlement programs use the services of Global Client Solutions as an independent third-party payment processor of their payment deposits. Global Client Solutions does not provide debt negotiation services nor debt settlement because it is not a debt settlement company. Dedicated accounts that allow consumers to save funds to later utilize to pay their debt settlements with the help of a debt relief company are managed and also provided by this company.

The efficiency and integrity of the debt settlement process are enhanced by Global Client Solutions’ account management services. Annual independent audits performed by nationally recognized firms including a SOC 1 audit of controls and IT/GLBA, BSA/AML, and NACHA rules compliance audits are all undergone by Global Client Solutions.

They have been accredited by the Better Business Bureau since 2005, in the 17 years they have been in business. Their contact information and address is the following:
Tel. (800) 398-7191
Global Client Solutions
4343 S 118th East Ave
Suite 220
Tulsa, OK 74146-4400
FAX (866) 355-8228

Crossroads Financial

Providing inventory financing solutions to businesses that are disqualified for bank financing is Crossroads Financial’s mission. In the market-place they occupy a unique niche: Inventory starting as low as $500,000 backing lines of credit. E-commerce and Retail businesses who are unable to find a traditional line of credit find their financing to be a perfect fit. They partner with factors and receivable lenders offering accounts receivable or factor products, but they don’t finance accounts receivable or factor. They are able to provide maximum availability options to borrowers that create new opportunities of lenders looking to put on transactions that without Crossroads Financial they wouldn’t have been able to put on, all this by partnering with other lenders.

Crossroads Financial prides itself on being open and straightforward with its clients, for what you see is what you get in the transparency that they have. Continuing well past the initial funding, over the years it has more than proven its commitment and dedication to its clients. They are persistent in helping their clients’ businesses prosper in the long run, so it’s not just in the short term that they want their clients to succeed. They work diligently to expeditiously fund their clients, and capital constraints’ associated challenges are understood by them.

For more than 14 years, Crossroads Financial has been providing purchase order financing solutions and revolving lines of credit secured by inventory to their satisfied clients. Highly experienced individuals that have a deep understanding of the asset-based lending space are what their team consists of.

A financing solution that caters to the unique needs of each of their clients is what they make sure to provide, because they’re seasoned enough to understand that every business has its own challenges. Crossroads Financial says yes no matter how many banks are saying no. Newer businesses or underperforming companies can secure financing with the chance Crossroads provides them when the traditional sources of capital are unattainable.

TD Bank

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD) and are headquartered in Toronto, Canada, with approximately 90,000 employees in offices the world over. A full range of services and financial products are offered to over 25.99 million customers worldwide through 3 key business lines from TD.

TD Bank is one of the 10 largest banks in North America, and the self-proclaimed ‘America’s Most Convenient Bank’. Delivering unique customer experiences that are convenient, hassle-free and great is what their business is built on.

For the 2019 J.D. Power Award, TD Bank was named the Highest in Customer Satisfaction with Retail Banking in Southeast.

It is ranked as the #1 Safest Bank in North America by Global Finance Magazine.

The services and products included at TD Bank are Checking Accounts, Savings Accounts, Overdraft Services, Foreign Exchange Services, Travel Tips, Cross Boarder, Student Banking, Online Banking, Prepaid Cards, Debit Cards, IRAs, Personal Loans, Mortgage Loans, Home Equity Loans & Lines of Credit, Credit Cards, CDs, and Special Offers. With TD Bank’s Digital Banking online, you can bank anytime, anywhere.

At TD Bank, you can get financial tips, updates, tools and resources to help support your financial needs and goals. The solutions to your financial challenges can be found with the help that TD Bank is committed to giving you. For every stage of your business, you can access support, resources and tools. At the Learning Center that TD Bank has a for its clients, you can find tips and info on personal credit and home lending, plus learn how to get the most out of your TD Bank accounts with their personal banking services. Manage your money, pay down your debts, plan for life events, watch videos and learn how to budget, read articles and more.

You receive tools and tips designed to make your day-to-day banking easier, plus information on managing your TD Bank accounts for personal banking with their mobile and online services. You can see demos, read articles and learn how to prepare for everyday and special events like taxes, travel and more. A great bank is what TD Bank is – there simply is no other way around this fact.

Upon thoroughly evaluating your unique situation, we’ll tell you what’s best for you

Your main goal is to finally become debt-free, so first you need to do everything possible to steer clear of more debt. You also want to try not to risk losing your house to pay for unsecured debts.

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